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Philippine Legislators Introduce Bill To Add Drug Pricing Board

This article was originally published in PharmAsia News

Executive Summary

Philippine lawmakers are moving to create a government agency to cap the prices on all types of drugs sold in the country. Three representatives said their proposed measure would create the Drug Price Regulatory Board as part of an effort to lower drug prices beyond the impact of the recently created Cheaper Medicines Law. They said caps required by the new law were delayed by large pharmaceutical firms in collusion with the administration. Widespread price caps had been attempted in creation of the Cheaper Medicines Law, but the effort was not successful. (Click here for more
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